Skip to comments.Stocks Skid 2%; Dow Dives 300, S&P Below 1400
Posted on 11/07/2012 8:37:31 AM PST by madison10
Stocks took a sharp nosedive across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged.
The Dow fell below 13,000, while the S&P 500 traded under 1,400 for the first time since early September...
(Excerpt) Read more at cnbc.com ...
Not to be nasty...well, yes, to be nasty. Zero2Neros:See what happens when you vote for a guy who doesn’t have a clue?
James River Coal down 24%
Hope you coal people in Ohio and PA are happy...those of you who stayed home or voted for zero.
Remember the infamous phrase.... “do not let a crises go to waste.”
Obama built this
Good. Let it crash.
After We Win This Election, Its Our Turn. Payback Time. Everyone not with us is against us and they better be ready because we dont forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay. Congress wont be a problem for us this time.
Yeah, the market reacts for a day. Tomorrow it’s back up.
Obviously I don’t understand the market, but it seldom seems to react as it “should”.
I’m sure obamas on it. If I didn’t have money in it I would say let it crash.
Obamacare stocks rally
Wait till the Obozo voters see their 401Ks today. Pardon me while I engage in some schadenfreude.
The idiocy of Ohio, Pennsylvania and Iowa astounds me every election.
New York and the rest of the Northeast along with California I expected to be stupid.
But these others, incredible.
It no longer matters though. They have finished America off.
The quotes below were @ 8:41 PST:
And Treasury yields dropped giving the gov’t reason to borrow MORE.
Down we go. Glad I sold at the start of October.
More voters in the swing states of Florida, New Hampshire, Ohio and Virginia blame George W. Bush than Barack Obama for the state of the U.S. economy.
According to early exit polls in Florida, 53% of today’s voters say Bush is more to blame for the country’s current economic problems while 41% say Obama.
In New Hampshire, exit polls show 54% blame Bush while 41% blame Obama.
There’s less of a gap in Ohio and Virginia. In both states, 50% of today’s voters say Bush is more to blame for the country’s current economic problems. In Ohio, 41% say Obama is more to blame and in Virginia 45% say Obama.
Drudge Headline right now - OWN IT
That’s because the market is completely disconnected from reality.
Like you said, today’s losses will be erased by tomorrow’s gains - and perhaps even surpassed. And the mainstream media, no doubt, will proclaim this as another sign that Obamao has inspired confidence in people everywhere.
Next support is at 12.8k, and we’ll be back down to July’s numbers.
......And in turn, you will pay dearly for this by launching the second American civil war in response back by those whom you will try to seek revenge to who are not for you.
Apple is now in bear market territory, down more than 20%. Our nation is mathematically challenged.
The Washington Post has an article on the fall. It’s blaming it on Europe. Yeah, because last night’s election had nothing to do with it.
"Remember the infamous phrase.... do not let a crises go to waste.
Yep. Just watch: the leftists are going to be salivating over a new opportunity to fully nationalize the banks, and impose severe controls over the free-market...
Especially 0bama’s union thugs who destroyed or didn’t count Romney ballots last night. Lower turnout than for McCain in 2008?? Seriously? Do I believe that? HELL NO, Not for ONE second.
Wait until the crash in a month or two.
Christmas shopping? Nope. Let the DimRat seasonal retail workers starve.
If there were some way I could help kick it over the cliff, I would.
You left out banning guns.
It’s time to stock up on ammo and weapons. Prices on guns are going up as we speak. Get them now or never!
I bet the Dow goes down 500-600 by the end of the day.
Ebenezer 'Obama' Scrooge
The administration did ask the EU to not make any alarming moves regarding Spain and Greece. I think they complied and today is the day Greece was forced to vote on more austerity plans.
Watch King Obama will throw billions at the market and it will come back. That will be the biggest bailout in history. Just thinking. I know, it cannot happen but I don’t trust that lying piece of garbage.
“Not to be nasty...well, yes, to be nasty. Zero2Neros:See what happens when you vote for a guy who doesnt have a clue?”
He has a clue. He wants this.
Wonder how much Soros is making off the dive? and how long will it last.
With the election over wonder when a run on the banks start??.
Well, at least we won’t have to worry about hyperinflation any time soon.
All the printing of dollars doesn’t translate into inflation until it starts moving and demanding goods.
Food and gas, though, are going to get pricey.
If I had my way
If I had my way in this wicked world
If I had my way
I would tear this old building down
— Rev Gary Davis
Obama EV 300+ ==> DOW -300 and more.
There was no reason for it to be this high anyway. Zero’s Wall Street cronies kept it up going into the election to preserve his victory.
” Dow -2.53%
Just the very beginning.
Time to “short” coal mining jobs....
.... Looks a lot more like a combination of a couple things ... Reaction to the European financial flare up and also investors moving their money around to safer investments as a result of the election. Probably recover some before the day is finished as the money being moved around finds it mark.
Well, NO F***ING KIDDING!!! Boy, I sure didn’t see THAT coming!!/sarcasm
Yep. I'm baking goodies (food is not taxed) for adults, and giving cash to my kids with the warning to stash it, because they're going to need it later. They're pretty good at taking our advice.
We're no help to the SEIU members (on purpose). They can have the trash can leftovers for Thanksgiving dinner. They're jobs are not my problem.
BHO: “the best is yet to come....”
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